Quite natural. AI in market finance is a fraud for the moment. AI models totally fail to do what classical (and parsimonious, explainable, cheap...) methods/al

Quite natural. AI in market finance is a fraud for the moment. AI models totally fail to do what classical (and parsimonious, explainable, cheap...) methods/algos/models achieve quite easily (BS, Hawkes, RFSV, uncertainty zones, Almgren-Chriss/Cartea-Jaimungal... etc.). Actually, I'm tempted to say that AIs don't work at all. I've seen so far funds leveraging "big data" with AIs (eg. realtime processing of satellite imagery, cameras, (more) news...) and get more/better information (than the others) to finally calibrate and use these (parsimonious) models, nothing (interesting) else. Do not get fooled. Lots of banks announced that they use AIs, to surf on the hype, because today if you don't do AIs, you're not in, because today everyone is a Data Scientist, that's all.